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Thread: Final - 66396201 - Fundamental Analysis | Reverse Trend | Metal Trading

  1. #1 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default Final - 66396201 - Fundamental Analysis | Reverse Trend | Metal Trading

    Account Details

    Trading account number (login): 66396201
    Investor password: olstpc69
    Server: InstaForex-Contest.com


    WELCOME to my Thread Co-MT5'eans ... I am Happy that i have reached the Final stage in one of the Breath Taking Contests we have in our lovely forum.

    Its been a Morale Boosting Journey for a Trader like me who have does Mistakes in past and did a few in the contest as well to gain Confidence and to learn Mistakes which we have encountered while Trading. I have earn some good amount in my personal Trading account with the confidence i have gained here

    Strategies i am going to follow are

    1) Fundamental releases : Those having greater impact in price movements

    2) Reverse Trend : I want to Enter a Position when i feel the Trend is going to get ended and it will take a reverse Position.

    3) Metal Trading : Gold & Silver are volatile last week and hence i want to trade on these in order to make some small quick profits in order to boost my trading account

    As mentioned earlier in semifinal stage I am monitoring this Indicator which was created by Nikitabelle in my trades

    https://forum.mt5.com/showthread.php?...ic-with-Zigzag


    My Trading Strategy

    In final i would like to study more and Trade only a few trades as against my previous trades in semi final n preliminary stage.

    I want to give more explanation regarding my trades i am entering.


    Best of luck to all my co- Participants...

    You never cant write off anyone.... A damaged clock will still show correct time Twice a day




    Final trading statement for our members' learning purpose:

    Name: FireShot Screen Capture #018 - 'Statement_ 66396201 - taxman' - _D__MT5 Sections - mod job_New f.png Views: 708 Size: 150.7 KB

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    Last edited by PhantomTrader79; 19-05-2014 at 02:41 AM.
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  2. 6 users say Thank You to taxman for this useful post.

    مناڈکیت (27-04-2014), azmassi (27-04-2014), bidyut (28-04-2014), Kalex (27-04-2014), kiing (27-04-2014), nasimuddin (28-04-2014)

  3. #2 You can automatically minimize the read posts in your account in the 'Forum Settings'
    It's time to retire!
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    Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex has a reputation beyond repute Kalex's Avatar
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    Best wishes bro ,i know you are a good trader and thus there is a good chance to win ...

    All the best


  4. 3 users say Thank You to Kalex for this useful post.

    مناڈکیت (27-04-2014), azmassi (27-04-2014), taxman (27-04-2014)

  5. #3 You can automatically minimize the read posts in your account in the 'Forum Settings'
    FX Vampire
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    مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت has a brilliant future مناڈکیت's Avatar
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    You are the most aggressive trader in the group. I just hope that you will use your aggressiveness at the right time. Trade carefully for 1st prize, best of luck
    nice quote damaged clock


  6. 2 users say Thank You to مناڈکیت for this useful post.

    azmassi (27-04-2014), taxman (27-04-2014)

  7. #4 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Banned
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    kiing is a name known to all kiing is a name known to all kiing is a name known to all kiing is a name known to all kiing is a name known to all kiing is a name known to all kiing's Avatar
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    waiting for enjoying a great war this time. i want to see who will be the real king of this kingdom actually you are good trader. i think you also have good idea about Azmassi brw and Kalex also. so keep that in mind and go ahead for achieving the success.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. 2 users say Thank You to kiing for this useful post.

    مناڈکیت (29-04-2014), taxman (27-04-2014)

  9. #5 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Order 1 : GBP/USD Short : 69 at 1.6789
    Support:1.6751 (23.6% Fib ret.), 1.6695 (38.2% Fib ret.)
    Resistance: 1.6822 (Feb 17 high)

    Reason :

    Negative RSI divergence makes downside scenario.
    Near-term support is at 1.6751, the 23.6% Fibonacci retracement

    ---------- Post added 04-28-2014 at 07:43 AM ---------- Previous post was 04-27-2014 at 11:33 PM ----------

    Closed Order 1 with 11 Pips Profit i.e. 759 $ Profit

    As i see reverse Trend i had to close the same with some Profit

    ---------- Post added at 07:14 PM ---------- Previous post was at 07:43 AM ----------

    Order 2 & 3 : GBP/USD Short : 98 at 1.6806 & 42 at 1.6815
    Order 4 & 5 : EUR/USD Short : 50 at 1.3836 & 25 at 1.3837

    Thee orders were Opened to make quick pips as these pairs suddenly Jumped in the Morning

    I had searched for any news and thinking thee pairs jut got speculated shorted in High Volumes

    However i was unaware of Pfizer News and had to suffer Huge Notional Loss

    At one point i was Just 5-7 Pips away from getting stopped out


    Closed these 4 deals with a loss of -1655 $ but with some peace of mind
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  10. The Following User Says Thank You to taxman For This Useful Post:

    مناڈکیت (28-04-2014)

  11. #6 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Order 833022963
    nzdusd came down to a key support area, from here I expect some retracement from here. Opened a buy order with 50 lot (order no. 6).

    Closed order no. 6 nzdusd to book $100 profit, just to stay safe.

    Order 833028557
    eurjpy bounced to previous high i.e. 141.98 (24th April), here I've made a sell order (order no. 7). I think from here it'll go down. Opened a sell order here with 73 lots.

    I'm trying to increase my equity, now booked some profit from order no. 7 eurjpy with $427.28 profit.

    Order 833029552
    Again I've bought nzdusd (73 lots) at 0.8533 (order no. 8), after some correction it is ready to go up.

    I've closed order no. 8 at 0.8534 for $73 profit.

    Order 833030183
    I've short eurchf (order no. 9) with 73 lots at 1.2192. I can see some selling here.

    order no. 9 eurchf was almost flat for last few hours. I've closed the order at zero loss.

    Order 833030250
    order no. 10: Gold fall and now going up from support area. I'm going long in gold because I think it'll retrace back. Opened a buy order at 1292.97 with 2 lots.

    Closed gold (ordery no. 10) at 1294.50 to book some profit. Made $306 from this order.

    Order 833031242
    Audusd showing some bull trend. Opened a buy order (order no. 11) at 0.9252 with 73 lots.

    Closed audusd (order no. 11) at 0.9258 and made $438.

    Order 833031253
    Along with other usd related pairs nzdusd also moving up. I'm going long in nzdusd (order no. 12) with 73 lots.

    Booked profit $365 from nzdusd (order no. 12)

    Order 833033834

    eurusd pair is showing some weakness at this moment. I've opened a sell order here with 69 lots (order no. 13).

    Closed eurusd at 1 pip profit, I will try to enter fresh but now I want to exit from this pair.

    Order 833034547

    Today USDCHF is bullish, now it came down a little. Overall the trend is up so I've found good price level to open an order here. Opened 69 lots (order no. 14) usdchf at 0.8800.

    Closed order no. 14 (usdchf) at 0.8803 to book some profit. Profit made $235.15.

    Order 833042181

    eurjpy is ranging in a strong resistance area. I've short this pair at 141.95 with 69 lots. (order no. 15)

    eurjpy break the upper level, closed in minus with -805.84 to cut some loss. Closed at 142.07.

    Order 833044896

    nzdusd is at a strong support area, I've opened a buy order at price level 0.8530 with 69 lots. (order no. 16)

    Closed order no. 16, made $69 profit.

    Order 833044970

    AUDUSD came down to support area, I've opened a buy order here with 69 lots. (order no. 17).

    Closed audusd (order no. 17), profit made $207.

    Order 833050883

    Again I've opened buy order in audusd pair at 0.9240, trying to scalp small profit (order no. 18).

    Closed order no. 18 (audusd) at 0.9241.

    Order 833059751
    Gold is now in a support area, Opened a buy order in Gold with 3 lots (order no. 19).

    Closed Gold (order no. 19), profit made 1275.

    Order 833073381

    USDCAD came down to support area, opened buy order at 1.0976 with 90 lots (order no. 20).

    Closed order no. 20 usdcad with $81.99 profit.

    Order 833073407

    I've short USDJPY at 102.72 with 90 lots in strong resistance area (order no. 21).

    Closed order no. 21 usdjpy at 102.69 with $262.93 profit.

    Order 833075992

    After getting down to the support level I've Opened buy an order in usdcad pair with 90 lots (order no. 22).

    Closed order no. 22 usdcad with $246.08 profit.


    Order 833076194

    I've opened an order in eurusd pair (30 lots) at 1.3819. EURUSd fell and now retracing back, I want to make some profit from this order (order no. 23).

    Order 833076204

    I've added another buy order in eurusd with same volume i.e. 30 lots, opened price is 1.3818. Reason is same as I've mentioned above (order no. 24).

    Closed order no. 23 and 24 with $90 and $120 profit.

    Order 833078373

    We can see one big spike in gbpusd pair (upward). I think it'll retrace back after sometime. Opened a sell order in gbpusd pair with 60 lots (order no. 25) at 1.6822.


    Order 833078805

    Opened another order in gbpusd with 30 lots at 1.6828 (order no. 26).

    Order 833080341

    Added one more order (gbpusd) with 30 lots to make some extra profit (order no. 27).

    Order 833080992

    Again adding one more order (gbpusd) with 30 lots (order no. 28).

    Closed order no. 25 gbpusd with $780 profit.

    Closed order no. 26 gbpusd with $30 profit.

    Closed order no. 27 gbupusd with $30 profit.

    Closed order no. 28 gbpusd with $90 profit.

    Order 833082187

    usdcad fell and now ranging in a good support area. I've opened a buy order here with 100 lots. Opened at price 0.0967 (order no. 29).

    Order 833082196

    Added one more order (usdcad) with 50 lots opened at price 0.0965 (order no. 30).

    Order 833082888

    usdcad sliding a little so I've opened again an order here with 50 lots, buy price 1.0960 (order no. 31).

    Closed order no. 29 (usdcad) at 1.0968 with $91.17 profit.
    Closed order no. 30 (usdcad) at 1.0964 with $45.62 profit.
    Closed order no. 31 (usdcad) at 1.0961 with -$45.60 profit.

    order 833084402

    Gold is in a strong resistance area. I've opened a sell order, sell at 1298.97 with 1.50 lots (order no. 32).

    Closed order no. 32 (Gold) at 1298.31 with $99 profit.

    ---------- Post added 05-01-2014 at 08:24 AM ---------- Previous post was 04-30-2014 at 11:20 PM ----------

    Order 833090545

    Today GBPUSD has showed some uptrend but now it is retraced back to key support area. I've opened a buy order in this pair with 100 lots, opened price is 1.6831 (order no. 33).

    GBPUSD is almost flat so I've closed this order with smal profit. Closed order no. 33 (gbpusd) with 1 pip i.e. $100 profit.

    Order 833090552

    I've opened eurusd at 1.3811 with 1.5 lots in good support area. I forgot to change the size of equity. But I'll try to open agian with big lot size (order no. 34).

    Order 833090564

    My previous order has only 1.5 lots so I've opened another order in EURUSD with 100 lots size. Opened at 1.3810 (order no. 35).

    Closed both orders (order no. 34 and 35) at 1.3812. Made $1.50 and $200 profit from these orders.

    Order 833092234

    USDCAD came down to good support area, opened an order with 100 lots size at 1.0962 price (order no. 36).

    Closed order no 36 (usdcad) at 1.0970, booked profit $729.26.

    Order 833139733

    USDCAD continue to go up, opened an order with 69 lots at 1.0955 (order no. 37).

    Closed order no. 37 (usdcad) at 1.0957 with $125.95 profit.

    Order 833078352

    GBPUSd jumped to a good resistance level, opened a sell order in gbpusd with 30 lots, opened price is 1.6821 (order no. 38).

    Order 833139595

    GBPUSD is ranging in resistance area, again opened a sell order with 69 lots, opened price is 1.6841 (order no. 39).

    order 833139625

    EURUSD pair is now in a good resistance area. I've short EURUSD at 1.3854 with 69 lots (order no. 40).

    Order 833139859

    USDCHF came down to support area, opened buy order with 69 lots. Opened price is 0.8806 (order no. 41).

    Order 833142831

    I've short eurusd at 1.3864 with 10 lots size. This pair is coming down from resistance area (order no. 42).

    Order 833142843

    Added more lots (50 lots) in eurusd just to make some additional profit. Opened price at 1.3864 (order no. 43).

    Order 833142864

    GBPUSD also coming down after showing uptrend. Opened an order with 40 lots in gbpusd at 1.6863 (order no. 44).

    Closed both orders (order no. 42 and 43) gbpusd at 1.3860, made $40 and $200 profit.

    Closed order no. 44 (gbpusd) at 1.6858 with $200 profit.

    Order 833157268

    usdcad came down to a support area, I think from here it'll go up. Opened a buy order at 1.0952 with 40 lots size (order no. 45).

    Order 833157387

    Added one more order in usdcad pair with 40 lots. Opened price is 1.0950 (order no. 46).

    Order 833157607

    Again opened one more order in usdcad at 1.0949 with 40 lots (order no. 47).

    Closed order no. 47 (usdcad) at 1.0953 with 146.08 profit. Also closed order no. 45 and 46 (usdcad) at 1.0952, made $0 and $73.05 profit.


    Order 833161770

    I've opened again one sell order in gbpusd with 50 lots at 1.6877 (order no. 48).

    Order 833165206

    NZDUSD spiked up to a resistance area, I think it is a good time to short this pair. Opened an order in nzdusd pair at price 0.8614 with 50 lots (order no. 49).

    Closed order no. 49 (nzdusd) at 0.8612 with $100 profit.
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  12. #7 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Unfortunately I've stopped out due to unusual movements in the market, specially in GBPUSD. My balance dropped and now only about 1k equity left but I'll try to increase my equity.

    Closed order no. 38 (gbpusd), lost -$3000.
    Closed order no. 39 (gbpusd), lost - $5520.
    Closed order no. 40 (eurusd), lost -$2346.
    Closed order no. 41 (usdchf), lost -$1570.68.
    Closed order no. 48 (gbpusd), lost -$1650.

    Order 833187004

    GBPUSD came down slowly, Opened a sell order at 1.6906 with 30 lots (order no. 50).

    Closed order no. 50 (gbpusd) with $270 profit.

    Order 833191966

    EURJPY is in a resistance area, I've short this pair at 141.85 with 40 lots (order no. 51).

    Closed order no. 51 (eurjpy) at 141.81 with $156.42 profit.

    Order 833204551

    NZDUSD is now at a highest level, I've short this pair at 0.8634 with 50 lots order no. 52).

    Closed order no. 52 (nzdusd) at 0.8630 with $200 profit.

    Order 833211255

    I"m expecting EURJPY to go down from the current level, opened a sell order at 141.88 with 55 lots (order no. 53).

    Closed order no. 53 (eurjpy) at 141.83 with $268.84.

    Order 833212180

    After booked profit from my previous order (ej - short), now I'm going long in this pair. Opened an order at 141.82 with 55 lots size (order no. 54).

    Closed order no. 54 (eurjpy) at 141.89 with $376.20 profit.

    Order 833213470

    Opened a sell order in eurjpy at 141.89 with 60 lots (order no. 55).

    Order 833213504

    Added a new sell order in eurjpy at 141.91 with 10 lots (order no. 56).

    Closed order no. 55 and 56 (eurjpy) at 141.86, made $175.89 and $48.85 profit.

    Order 833214372

    Opened buy order in eurjpy at 141.85 with 75 lots size (order no. 57).

    Closed order no. 57 (eurjpy) at 141.85, made $219.84 profit.

    Order 833219043

    I'm going long in Gold, opened an order at 1284.21 with 2 lots (order no. 58).

    Closed order no. 58 (gold) at 1284.59 with $76 profit.

    Order 833231887

    EURjPY is consolidating at a good resistance area, I think after sometime it'll go down. I've sold eurjpy at 142.02 with 80 lots size (order no. 59).

    ---------- Post added at 04:18 PM ---------- Previous post was at 01:58 PM ----------

    Order 59 also ended in loss -2563 . HIT my SL...I have reached stop out position

    I have tried my level best to catch co participants but in vain...

    Congrats to Amazzi, Kalex Lybrov

    I Thank all the traders/participants who have motivated and supported me

    Special Thanks to Moderator Toxic n other

    Special Thanks to MT5 admin for creating wonderful contests
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